Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) Sees Strong Trading Volume Following Dividend Announcement

Franklin U.S. Low Volatility High Dividend Index ETF (NASDAQ:LVHD) saw strong trading volume on Wednesday following a dividend announcement from the company. Approximately 51,765 shares changed hands during mid-day trading, a decline of 10% from the previous session’s volume of 57,698 shares.The stock last traded at $44.77 and had previously closed at $44.99.

The newly announced dividend which will be paid on Tuesday, August 11th. Stockholders of record on Thursday, August 6th will be issued a $0.383 dividend. This represents a $1.53 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Thursday, August 6th.

Franklin U.S. Low Volatility High Dividend Index ETF Trading Up 0.2%

The stock has a market capitalization of $624.38 million, a price-to-earnings ratio of 16.71 and a beta of 0.58. The firm’s fifty day moving average price is $44.12 and its 200 day moving average price is $43.34.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LVHD. Bank of New York Mellon Corp purchased a new stake in Franklin U.S. Low Volatility High Dividend Index ETF during the 1st quarter worth approximately $291,000. Farther Finance Advisors LLC boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 88.8% in the 4th quarter. Farther Finance Advisors LLC now owns 20,560 shares of the company’s stock valued at $820,000 after buying an additional 9,668 shares during the period. Arkadios Wealth Advisors boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 166.7% in the 1st quarter. Arkadios Wealth Advisors now owns 33,564 shares of the company’s stock valued at $1,428,000 after buying an additional 20,981 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Franklin U.S. Low Volatility High Dividend Index ETF by 128.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 47,319 shares of the company’s stock valued at $1,886,000 after buying an additional 26,641 shares during the period.

About Franklin U.S. Low Volatility High Dividend Index ETF

The Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) is an exchange-traded fund that is based on the QS Low Volatility High Dividend index. The fund tracks an index of roughly 50-100 US stocks selected from across the market cap spectrum. Stocks are selected and weighted to emphasize profitability, high dividends, low price volatility and low earnings volatility. LVHD was launched on Dec 29, 2015 and is managed by Franklin Templeton.